https://www.taxtmi.com/caselaws?id=472573 GST interest for delayed payment is distinguishable from late furnishing of returns. Where the cash portion of tax is deposited by the prescribed due date, late return filing alone does not constitute delayed payment of that amount. In delayed-return situations, the proviso to Section 50(1) limits interest to tax paid through the electronic cash ledger; tax liabilities covered by available input tax credit in the electronic credit ledger are not treated as delayed cash payments. Consequently, an interest demand covering timely deposited cash tax or available input tax credit is unsustainable under the electronic-ledger scheme. en-us Fri, 13 Nov 2020 00:00:00 +0530 Fri, 16 Oct 2026 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472573 GST interest for delayed payment is distinguishable from late furnishing of returns. Where the cash portion of tax is deposited by the prescribed due date, late return filing alone does not constitute delayed payment of that amount. In delayed-return situations, the proviso to Section 50(1) limits interest to tax paid through the electronic cash ledger; tax liabilities covered by available input tax credit in the electronic credit ledger are not treated as delayed cash payments. Consequently, an interest demand covering timely deposited cash tax or available input tax credit is unsustainable under the electronic-ledger scheme. Case-Laws GST Fri, 13 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472573